FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION (EIN 411451735) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

GAIL KADERLIK

Phone

5073325808

Tax Period

2022-07-01 to 2023-06-30

FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION, founded in 1983, is a small nonprofit that reported $180K in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $258K exceeded revenue, resulting in a 43% operating deficit.

Mission

Supporting post-secondary education

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $95,896

Program Service Revenue $0

Investment Income $84,214

Other Revenue $0

TOTAL REVENUE $180,110

Expense Breakdown

Grants Paid $120,971

Salaries & Benefits $94,124

Fundraising Expenses $2,305

Program Expenses $125,996

Other Expenses $42,415

TOTAL EXPENSES $257,510

Year-over-Year Comparison

	2022	2021	Change
Revenue	$180,110	$166,269	+0.1%
Expenses	$257,510	$203,320	+0.3%
Net Income	$-77,400	$-37,051	+1.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$77,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM FINLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GRAMSE	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD BERGE	HONORARY	1.00	Director	$0	$0	$0
IBRAHIM KHALIF	DIRECTOR	1.00	Director	$0	$0	$0
GAIL KADERLIK	EXECUTIVE DIRECTOR	30.00	Director	$77,692	$0	$77,692
RICHARD COOK	DIRECTOR	1.00	Director	$0	$0	$0
GARY VOEGELE	DIRECTOR	1.00	Director	$0	$0	$0
BARTON JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK MILLER	PRESIDENT	1.00	Officer	$0	$0	$0
KEN WEAVERLING	SEC/TREAS	1.00	Officer	$0	$0	$0
DR CHERYL FREUND	AT LG OFFICER	1.00	Officer	$0	$0	$0
DR DICK HUSTON	AT LG OFFICER	1.00	Officer	$0	$0	$0
JASON ROBINSON	VICE PRESIDENT	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$180,110	$257,510	$3,273,360	$-77,400
2022	$166,269	$203,320	$3,318,761	$-37,051
2021	$308,823	$187,303	$3,560,550	$121,520
2020	$604,290	$247,347	$3,011,231	$356,943
2019	$389,880	$215,787	$2,887,189	$174,093
2018	$400,851	$283,667	$2,648,132	$117,184

FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION